Bitauto Hldg Target of Unusually Large Options Trading (BITA)
Shares of Bitauto Hldg (NASDAQ:BITA) saw some unusual options trading on Monday. Investors purchased 4,264 call options on the company, ARN reports. This is an increase of approximately 330% compared to the typical daily volume of 991 call options.
Several analysts have recently commented on the stock. Analysts at Brean Capital initiated coverage on shares of Bitauto Hldg in a research note on Monday, August 18th. They set a “buy” rating and a $95.00 price target on the stock. Separately, analysts at Oppenheimer raised their price target on shares of Bitauto Hldg from $45.00 to $78.00 in a research note on Tuesday, August 12th. They now have an “outperform” rating on the stock. Finally, analysts at Zacks upgraded shares of Bitauto Hldg from an “underperform” rating to a “neutral” rating in a research note on Thursday, July 31st. They now have a $57.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $76.67.
Bitauto Hldg (NASDAQ:BITA) traded up 11.44% during mid-day trading on Monday, hitting $91.06. The stock had a trading volume of 3,770,311 shares. Bitauto Hldg has a 1-year low of $13.60 and a 1-year high of $84.99. The stock’s 50-day moving average is $61.11 and its 200-day moving average is $44.12. The company has a market cap of $3.778 billion and a P/E ratio of 65.53.
Bitauto Hldg (NASDAQ:BITA) last announced its earnings results on Monday, August 11th. The company reported $0.48 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.39 by $0.09. The company had revenue of $84.20 million for the quarter, compared to the consensus estimate of $79.40 million. On average, analysts predict that Bitauto Hldg will post $1.70 EPS for the current fiscal year.
Bitauto Holdings Limited (NASDAQ:BITA) is a holding company.
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